Forward Industries Announces Strategic Partnership with the Conrad Foundation in Support of 2016-2017 Conrad Spirit of Innova...
October 24 2016 - 12:00PM
Forward Industries (NASDAQ:FORD) announced today a new partnership
with the Conrad Foundation, a Washington, DC-based 5013c, to
support the 2016-2017 Conrad Spirit of Innovation Challenge (Conrad
Challenge) culminating with the Innovation Summit to be held at
Kennedy Space Center in April 2017.
The Conrad Challenge provides young innovators
and entrepreneurs a platform to share their commercially-viably,
technology based ideas created to solve pressing global challenges.
Open to students from around the world, ages 13-18, this challenge
encourages collaboration among students as well as introducing them
to subject matter experts along the way. After two rounds, the top
five teams in each category compete at the Innovation Summit giving
them the opportunity to present their ideas and compete for awards
and commercialization opportunities.
“We are so excited to be working with Nancy
Conrad on this year’s challenge,” said Forward Chairman and CEO,
Terry Wise. “The Conrad Challenge permeates all aspects of
innovation, and it aligns with our own efforts to inspire
creativity at every stage of the product development and
commercialization process. We are delighted to engage with student
leaders and innovators as they develop their solutions for real
world challenges.”
The Conrad Challenge began a decade ago when
Nancy Conrad, wife of the late American iconic astronaut and
innovator, Pete Conrad, launched the program in her husband’s
memory. Forward Industries, as a sponsor of the Conrad Challenge,
will provide guidance to young innovators and entrepreneurs during
the competition and at the Innovation Summit. Forward will also
work with past winners to help bring to market winning ideas that
would benefit from Forward’s expertise from design through
commercialization and distribution.
“This partnership is a perfect fit,” said Nancy
Conrad, founder and chairman of the Conrad Foundation. “Young
innovators will have access to seasoned professionals who know how
to move great ideas from the prototype stage into the marketplace.
Forward Industries is the ideal partner to work with our teams
during every step of the design, manufacturing, and
commercialization process. Their expertise will be invaluable to
our students!”
Over the past ten years, thousands of students
both nationally and globally have participated in creating
innovative solutions in the following categories: Aerospace &
Aviation, Cyber Technology & Security, Energy &
Environment, Health & Nutrition. Many student teams have
obtained patents for their winning ideas, deployed products and
worked toward commercialization.
About Forward Industries:
Incorporated in 1961, and headquartered in West
Palm Beach, Florida, Forward Industries provides innovative product
protection and portability for some of the world’s leading
companies, developing and manufacturing high quality products for a
wide portfolio of global OEM partners.
Forward’s products can be viewed online at
www.forwardindustries.com.
About Conrad Foundation:
The Conrad Foundation is a non-profit
organization dedicated to 21st century, immersive learning,
where students use their imagination and innovation to enrich their
classroom studies and do something real. The Foundation is the only
organization of its kind whose programs combine science and
technology- based education, innovation and entrepreneurship to
inspire solutions for achieving global sustainability. For more
information, visit www.conradfoundation.org. For more information
on the Conrad Challenge, visit www.conradchallenge.org.
MEDIA CONTACTS
FORWARD INDUSTRIES INC:
Michael Matte
Chief Financial Officer
Office: 561-465-0031
mmatte@forwardindustries.com
CONRAD FOUNDATION:
Lauren Quesada
Griffin Communications Group
Office: 281-335-0200
lauren@griffincg.com
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